Taxes are due today, July 15th, 2020.
The IRS did not extend the filing deadline past the current postponed deadline of July 15, 2020.
However, there is an automatic filing extension available to those you need one. Per the IRS, "The IRS reminds taxpayers filing Form 1040 series returns that they must file Form 4868 by July 15 to obtain the automatic extension to Oct. 15. The extension provides additional time to file the tax return – it is not an extension to pay any taxes due."
The IRS also encourages people to pay as much as they currently can, to avoid IRS penalties and interest. For the remaining balance, the IRS states there are several options: “The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” said IRS Commissioner Chuck Rettig. 'These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.' "
You may also reach out to our experienced tax attorneys for help with filing any back taxes due, or for help with reducing the amount of tax liability you may owe. Our tax lawyers, located in Denver and servicing clients throughout Colorado, often settle tax audits, back taxes and tax controversy cases for pennies on the dollar. For more information, please visit Gantenbein Law Firm's Tax Law page. Additional information regarding Tax Law Litigation may also be found here.
To apply for the Individual Income Automatic Extension of Time, use Form 4868.
For more information on the how to file payment options on your own, please visit the IRS payment option page.
For more information regarding Gantenbein Law Firm, call 303-618-2122 or visit www.gantenbeinlaw.com.